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Turkish Lira Plummets

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Turkish Lira Plummets

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6 Views • May 25, 2018

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Thomson Reuters The Turkish lira continued selling off Thursday. It had dropped to all-time lows Wednesday, prompting the central bank to raise interest rates ahead of its June meeting. The lira was down 5.15% to 4.7858 versus the dollar at 8:00 a.m. ET, resuming a selloff that brought the currency to all-time lows Wednesday.

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